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May, 2015

Government reintroduces 1.5% Cut to R&D Tax Incentive

May 28th, 2015

Tax and Superannuation Laws Amendment (2015 Measures No.3) Bill 2015 that proposes a 1.5% cut to R&D Tax Incentive rates passed the House of Representatives and is now being considered by the Senate. Click here to view the Tax and Superannuation Laws Amendment (2015 Measure No. 3) Bill 2015 The Bill is a reintroduction of previous legislation stalled in the senate which also proposed a uniform reduction of 1.5%. The basis for the previously proposed reduction of the R&D Tax Offset rate […]

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Enrolments Open for the TaxTrex 2017 Record Keeping Program

May 27th, 2015

With the 2017 financial year fast approaching, Swanson Reed is calling all companies and accountants to enrol in our TaxTrex 2017 record keeping program. Enrolments will be open from now until 30 June. To claim the R&D Tax Incentive, companies must collect timestamped documentation detailing the progress of their R&D projects. TaxTrex simplifies this process into three 20 minute surveys allowing companies to meet compliance requirements as quickly and pain-free as possible. By enrolling in TaxTrex before FY17, companies will be […]

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R&D Tax claim for companies before 30 June

May 20th, 2015

The following R&D tax claim information will apply to companies that: have recently submitted a 2014 R&D claim; and intend to submit a 2015 R&D Claim. Upcoming AusIndustry Compliance Activity Over the next few months, AusIndustry will likely start compliance activity for FY14 applications that were lodged around the April 30 deadline. If reviewed, companies claiming the R&D Tax Incentive must substantiate to AusIndustry that: the registered activities occurred; and the claimed activities were in accordance with the R&D Tax […]

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